Pakistani Army Asked Help From USA!! Check now
Pakistani Army Asked Economic Help From USA
Recently
Pakistani army has asked US for help in getting loans from IMF. Pakistan’s
economy is in a very fragile condition and it is deteriorating more and more
day by day, inflation has gone to record high and Pakistani Rupee has hit
record low to Rs 207 against one US dollar.
To manage
its economy and save it from the disaster, the Pakistani army called for help
from the US. The external debt on Pakistan is 250 billion dollar which is a
huge amount and it is very much dangerous for the economy of Pakistan.
The Ukraine war
has also contributed to the economic downfall of Pakistan, as the prices of
fuel went up, the cost of goods also went up and let to a very high rate of
inflation. China has not come to help of Pakistan in this economic crisis and
the last option that remained for Pakistan was asking the IMF for some loans.
In the year
2019 IMF said that it will do a 39 month program with Pakistan under which IMF
will give 6 billion dollar to Pakistan, but due to instability in the
government of Pakistan, the government of Pakistan is not accepting all the
conditions of IMF, due to this IMF has not released the loans to Pakistan. So
now the army chief of Pakistan has requested USA to ask IMF to release the loan
for Pakistan. As the Pakistani army holds a lot of power in Pakistan, they now
jumped into the matter and asked USA directly to release the loans.
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